Racing NSW boss says thoroughbreds won’t be hit in hip pocket

By AAP

Racing NSW chief executive Peter V’landys says there are contingency plans in place to combat any loss of revenue to the thoroughbred code from the demise of greyhound racing in the state.

Under the Racing Distribution Agreement, thoroughbred racing, harness racing and greyhound racing receive funds from the TAB’s wagering revenue on the three codes.

Greyhound Racing NSW had been lobbying for a change to the 99-year RDA agreement, saying it contributed 22 per cent of the wagering market share while receiving 13 per cent of the revenue.

Premier Mike Baird announced on Thursday greyhound racing would cease to exist in NSW next Read full article

Source:: http://www.australianracinggreyhound.com/australian-greyhound-racing/racing-nsw-boss-says-thoroughbreds-wont-be-hit-in-hip-pocket/79132